Your best friend would always protect you and never let you down. The same should be said of your passwords.
In today’s world, the average person needs 28 passwords. You need passwords for your bank, email, social network, bills, and any online ordering accounts. THEN you really rack up the passwords for different logins at work. It can get mind boggling to remember all the passwords that you use in a day’s time.
It’s tempting to use the same password for all the sites and accounts that you must access. HOWEVER, this is setting you up to have your password STOLEN. And the consequences of having your only password hacked can be disastrous.
Think about just how much a password protects.
Online banking and brokerage accounts: your password stands between your money and a thief!
Email accounts: your password protects your emails from being hacked. If you have online bills and bank statement, the thief could gain access to your account information.
Online shopping: Your credit card number and other personal information are guarded by your password.
And these are only your Personal Accounts!
2. Easier isn’t better. A good portion of people actually use their birth date, their kids’ names, or even 12345 as their passwords. These types of passwords take hackers only seconds to crack. Easy passwords leave your accounts open and waiting for thieves to take advantage. You may as well leave your money laying on the front porch.
3. Keep it in the noggin. Even if people have more than one password, they often write them down and leave them by the computer, under their keyboard, in their calendar, or store them in their smartphones. This basically gift wraps them for a thief. Once he scores the password list, its bye bye money and hello fraudulent charges.
4. Mix it up. Passwords that only contain letters are easy to observe or guess, especially if they are only lower case.
5. Get long-winded. Never use a password that is under 8 characters. A short password is more easily observed and guessed than a longer one.
6. Remember you didn’t marry it. Keeping the same password month after month allows a hacker all the time he needs to crack it.
The CONSEQUENCES of having your password hacked are too high to not take immediate action. Here’s what to do:
1: Make a list of all your emails, accounts, banks, and shopping websites that require you to have a password.
2: Make sure your main email address has a password different from any other account.
3: For the remainder of your accounts, have a minimum of 4 hard to crack but easy for you to remember passwords
4: Change your passwords every 3 months.
5. Don’t write the passwords down anywhere. If you are afraid you will forget them, scribble a hint that only you could decipher, and keep it in a safe place. (Do not store this in your wallet or near your computer).
Let’s create a good password:
A. Think of a word that is easy for you to remember, but is not closely tied to you personally (ie: not your spouse, child, or dog’s name). We will use Teague (the name of my Kindergarten teacher)
B. Add a capital letter in the middle of the word. We will use the G. So now we have TeaGue.
C. Randomly choose 3 numbers. Do NOT use the last 4 digits of your social, your birthdate, or your anniversary. We will use 206 (the date of the last Superbowl). Your weight is another easy to remember number.
D. Now choose a character. I will choose ! since I’m trying to make a point.
RESULT: one of my new passwords is TeaGue!206. This will be easy for me to remember, but difficult to guess. My hint to myself would be: Kindergarden!superbowl.
Passwords are the gateway to your money, credit cards, and personal information. Strong passwords, like best friends, keep your secrets secure. Utilize these tips to make sure you will not become just another identity theft statistic.
~~Susan McCullah is the Product Development Director for Data Facts, a 22 year old Memphis-based company that provides mortgage product solutions to lenders nationwide.